Illinois New Markets Development Program
State tax-credit financing channel through qualified community development entities (CDEs). DCEO currently lists all allocation rounds as closed. Businesses should discuss potential financing with a CDE; this is not a direct small-business grant.
Check an Address — Free Snapshot
Explore location-based incentives alongside Illinois New Markets Development Program. This program requires a separate review of its business or project requirements.
Published criteria — confirm with Illinois Department of Commerce and Economic Opportunity
- CDE qualification and allocation availability
- Separate business and project eligibility review
Illinois New Markets Development Program is administered at the state level. Depending on the program, eligibility may depend on the specific location, property type, or business activity rather than a single drawn boundary.
Boundaries are precise and change over time, so whether a specific address falls inside a mapped zone always depends on that exact address. The fastest way to check is to run a free snapshot for the parcel you have in mind — mapped coverage is a location signal, not an eligibility determination.
Range on file · Tax-credit-supported financing through CDEs; allocation rounds closed
Most recently published round offered Tax-credit-supported financing through CDEs; allocation rounds closed. (No round currently open as of 2026-10-09.)
- +Tax-credit-supported financing through CDEs; allocation rounds closed
- 1Check DCEO for a new allocation round or contact the program office.
- 2Discuss business financing eligibility with a participating CDE.
Check DCEO for a new allocation round or contact the program office.
This page is a starting point, not eligibility, legal, or tax advice. Verify current requirements, deadlines, and boundaries with the administering agency before applying or spending money — program rules and funding change over time.
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Last verified 2026-10-09
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